CLARKSBURG MD 20871 REAL ESTATE TREND INDICATOR

If you are thinking about buying or selling a home in zip code 20871, you should take a close look at the following report that compares the statistics for the past month with the same month last year. During the month, there were 99 active listings of homes for sale in 20871. There were 30 new listings in the area and 25 listings went to new pending contracts. There were 10 actual settlements as compared to 12 homes sold last year. The total sold dollar volume was down 11.71%. The average number of days on the market was 122 from 116 days last year. The average sale price was 93.71% of the average list price. The median sold price was $463,000. It is still a market which favors buyers. Many home buyers are taking advantage of the low 3.5% minimum cash requirement for FHA financing. The FHA Streamlined 203(k) loan allows borrowers to include up to $35,000 of home improvements in the mortgage amount. Many of the homes on the market have deferred maintenance issues.

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